Weird though. I just hear from my banker. Market is not moving. Its Maybank Penang Branch la. Maybe KL property moving but Penang property not moving? 
You're an example. You see you said not enough cash. But still can value higher. But maybe you're very cash rich now. But some people like you might still not enough cash after VP. Bank is very lenient right? For the past years, bank have been lenient. But bank is now very strict lor.

Actually I'm not saying that kicimiao that unable to buy house are being given loan by bank. I'm actually saying kicimiao that bank able to give loan based on gross salary up to 70% (I remember last few years, the rules is quite relax). They think they can tide over for 1 year (able to flip in 1 year time). Unfortunately this kicimiao underestimate the property market and now is eating the kicimiao alive. I think cash flow for this type of kicimiao is quite bad.

Another thing is for uncle/aunty, if they pay cash, but cash stuck in property, how to survive? THey think that after VP can earn. But now stuck. Uncle/Aunty suddenly got disease need money leh. So where to get? Need to sell property fast fast lor. You know la, old people many penyakit one la. One of the penyakit is sendiri cari one that is invested in property and now property downturn. 

I said I "worried" not enough cash....not mean not enough cash so I go find out option. Lucky I bought that property n now paper value gain 350k easy easy...but I not selling. I rented it out already...

For me, if I have 200k cash...If I got to use 100k cash for a property, I still worry I dont have enough cash as reserve 100k dont know can last me till when if something happen. I will see if there any option that I can still buying not not touching my 200k. If got problem later, I still got 200k to tide me thru...I believe there are many people like myself also...

    now ebola somemore....sure all the auntie uncle die faster.

Hahah actually before bank negara implement LTV 70% for third property I have a lots of trick getting a full loan or even extra cash when I bought property.

One trick I don't mind share here and this is perfectly legal. For some reason I got offered a property 20% below bank value. If follow the normal procedure I only get 90% on the spa price or bank value whichever lower. What I do last time is pay off the property by cash using my OD then I refinance my property. Since I refinance , I will get 90% on bank value instead of spa price. So end up I bought the property with no money down and have extra cash in my pocket. After 3 years I sold the property with extra 180k in my pocket with no down payment and some extra in my account 
This just one of many way in making money with property which I gladly share

Weird though. I just hear from my banker. Market is not moving. Its Maybank Penang Branch la. Maybe KL property moving but Penang property not moving? 

    now ebola somemore....sure all the auntie uncle die faster.

Market not moving might be true but maybe he didnot tell u the whole truth.

My banker told me due to property price increase a lot , now they just need to hit one deal equal with 2-3 deals last few years for same target. Percentage of deal might lower but does not reflect they income..if can cari makan I assume this is not consider not moving la. May be each have own definition on this 

If what u said is true, uncle auntie go in to buy. U really under estimate their power. They may have many cash which can help them last 10 years installment without problem. Afterall, u got to be realistic here n understand how a uncle or an aunty can buy the properties. How is the process?

If a uncle aged 50 wants to buy a condo 500k. How he buy? Go to developer pay 2%(with 8% rebates) n grab it ah??? No need go take loan ah? If that uncle at age 50, u think bank ll buta buta give him 450k loan ah? Sure must have something one. Either the uncle take 50-60% loan n can show bank that he has the ability to pay back installment by showing business incone or fixed deposit with the bank. If bank not comfortable, bank ll not give loan mah. U believe or not? If not, u can go bank ask if u got nothing, see if they ll give u loan or not.

another scenario. The uncle could be buying cash...so upon vp. What's the problem?

Even kicimiao buyer also face same problem. Let's say you earn 1.5k salary. U tell me how u able to buy that 500k properties unless u got big savings or supported by capable people behind u.

Oh, if die of Ebola, good la. Got insurance mah. Wait, what? Aunty uncle didn't buy MRTA because too expensive due to their age? Haha..

Anyway, uncle aunty pay cash leh. Die also no effect. 

If ebola comes, I guess not only property market collapsed. The economy n klse also ll collapsed. And if I am lucky not die, I ll join the next level of the league. Sure there are plenty of cheap shop lot to be picked up n cheap big names counters to buy.

halo....uncle can get sick mah

I said I "worried" not enough cash....not mean not enough cash so I go find out option. Lucky I bought that property n now paper value gain 350k easy easy...but I not selling. I rented it out already...

For me, if I have 200k cash...If I got to use 100k cash for a property, I still worry I dont have enough cash as reserve 100k dont know can last me till when if something happen. I will see if there any option that I can still buying not not touching my 200k. If got problem later, I still got 200k to tide me thru...I believe there are many people like myself also...

If die. Their life insurance ll pay quite handsome amount to their children n more n more richer people available.

before ebola come, argentina gov default its loan. DJ drop more than 300 points. someone just advise us to buy at US share ho.

+1
When I have the option to use other people money to make me rich why I have to use my money.
Extra cash I will put in to flexi loan rather than extra down payment except if that property for own stay then I will settle ASAP
I borrow money from bank so that bank can help me do a free financial health assessment and if bank approve my loan mean I still not in a high risk group lol 

By the way, bank only will lend you an umbrella in sunny day, when u really need money probably is quite hard to borrow from them.

before ebola come, argentina gov default its loan. DJ drop more than 300 points. someone just advise us to buy at US share ho.

those supporting are most probably older or got cash one.. bear in mind, these ppl are not going to be able to stick around for 35 years remaining.. lets not see that fat the next 5-10 years?

those businessman rely on the business, if business down/collapse, gone.. those low end flippers when investing property never thought of cannot sell, selling upon vp is definitely...

See....malaysia still strong....nothing happen here pun...

but got to ask my professor whether need to cut lost in US market or not...

If ebola comes, I guess not only property market collapsed. The economy n klse also ll collapsed. And if I am lucky not die, I ll join the next level of the league. Sure there are plenty of cheap shop lot to be picked up n cheap big names counters to buy.

+1
When I have the option to use other people money to make me rich why I have to use my money.
Extra cash I will put in to flexi loan rather than extra down payment except if that property for own stay then I will settle ASAP
I borrow money from bank so that bank can help me do a free financial health assessment and if bank approve my loan mean I still not in a high risk group lol 

By the way, bank only will lend you an umbrella in sunny day, when u really need money probably is quite hard to borrow from them.